Coating Equipment Market

Coating Equipment Market is Segmented by Type (Powder Coating, Liquid Coating, and Specialty Coating), by End-Use Industry Type (Automotive, Aerospace, Construction, Industrial, and Others), By Region, And Segment Forecasts, 2023 2031

Manufacturing & Construction | April 2023 | Report ID: EMR0064 | Pages: 215

Coating Equipment Market is expected to grow from USD 20.27 billion in 2022 to USD 32 billion by 2031 at a CAGR of 6.55% during the forecast period of 2023-2031.

Market Overview

The coating equipment market is expected to witness market growth at a rate of 6.55% in the forecast period of 2023 to 2031. Econ Market Research report on coating equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.

The rise in the application of heavy machines in the manufacturing sector is escalating the growth of the coating equipment market. Coating equipment can be described as equipment that is precisely designed to industrialize the liquid gasket coating procedure on mass production lines. This machinery enhances the efficiency and even distribution of the coating material over the substrate, optimum drying, and proper mixing of various components of the material being coated. A coating is a covering that is used on a surface to enhance its efficient or aesthetic properties. Paint is a major type of coating. Paints are utilised in a wide range of applications, such as in the automotive, industrial, building and construction, marine, medical, electrical and electronics, utility, and oil and gas sectors.

Major factors that are expected to boost the market growth of the coating equipment market in the forecast period are the rise in the need for the product from a variety of applications, such as automotive, aerospace, and construction, and the requirement for alternatives to the existing coating systems.

Furthermore, rapid industrialization and an increase in the construction sector as a result of rising population and urbanisation are two factors driving the growth of the coating equipment market. On the other hand, the availability of low-cost replacements for some applications is expected to stymie the growth of the coating equipment market over the forecast period. Furthermore, economic growth in developing countries, as well as the advancement of new technology, will provide additional opportunities for the growth of the coating equipment market in the coming years. However, the development of less expensive coating equipment may obstruct the growth of the coating equipment market in the near future.


Coating Equipment Market REPORT SCOPE & SEGMENTATION

Report Attribute


Estimated Market Value (2022)

20.27 Bn

Projected Market Value (2031)

32 Bn

Base Year


Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By End-use Industry Type & Region

Segments Covered

By Type, By End-use Industry Type & Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Segment Analysis

By Type

Based on type, the market is segmented as powder coating, liquid coating, and specialty coating. Specialty coating dominated the market in 2022 and is expected to maintain its dominance during the forecast period. Chemical vapour deposition, physical vapour deposition, plasma coating, and thermal sprays are among the key types included in the segment. There has been a dramatic increase in the number of applications for specialty coatings, which is fueling demand for the segment.

By End-Use Industry Type

Based on the end-use industry type, the coating equipment market is segmented into automotive, aerospace, construction, industrial, and other industries. The automotive industry is likely to offer sizeable opportunities in this market during the forecast period. There is a constant improvement in the manufacturing of automotive components in order to meet the growing need for delivering high-performance products that consistently meet industry specifications. Reliable performance, minimal maintenance requirements, optimum coating material utilisation, and corrosion- and UV-resistant coatings are some hot spot value additions provided by the use of efficient coating equipment in the industry.

Regional Analysis

Asia-Pacific is expected to be the largest and fastest-growing coating equipment market during the forecast period, with China, Japan, and India being the key countries with lucrative growth opportunities. When compared to developed western economies, the region has a greater number of players and comparatively high competition. During the forecast period, North America and Europe are also expected to provide significant growth opportunities.

Competitive Landscape and Coating Equipment Market Share Analysis

The competitive landscape of the coating equipment market provides details by competitor. Details included are: company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies’ focus on the coating equipment market.

  • Nordson Corporation
  • Anest Iwata
  • Graco Inc.
  • OC. Oerlikon
  • IHI lonbond AG
  • SATA GmbH & Co. KG
  • ASAHI Sunac Corporation
  • Carlisle Companies
  • J. Wagner
  • WIWA Wihelm Wagner
  • Castolin Eutectic
  • Praxair S.T. Technology
  • Picosun Oy
  • CVD Equipment Corporation
  • BIosch AG

Coating Equipment Market Report Segmentation



By Type

  • Powder Coating,
  • Liquid Coating
  • Specialty Coating

By End-Use Industry Type

  • Automotive
  • Aerospace
  • Construction
  • Industrial
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Key Benefits of the Report

  • This study presents an analytical depiction of the Coating Equipment industry along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to market key drivers, restraints, and opportunities, along with detailed analysis of the Coating Equipment Market share.
  • The current market is quantitatively analyzed to highlight the Coating Equipment Market's growth scenario.
  • Porter's five forces research demonstrates the market power of suppliers and buyers.
  • The report provides a detailed Coating Equipment market analysis based on competitive intensity and how the competition will take shape in the coming years.

Custom Research: Econ Market Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global coating equipment market size was estimated at USD 20.27 billion in 2022 and is expected to be USD 32 billion in 2023.
Asia Pacific dominated the coating equipment market with a revenue share of 45.3% in 2022. This is attributable to the growing construction sector coupled with an improved budget for infrastructure development.
Some of the key players operating in the coating equipment market include: Nordson Corporation; Gema Switzerland GmbH; J. Wagner GmbH; ANEST IWATA Corporation; Carlise Companies Inc; IHI Ionbond AG; Statfield; SAMES KREMLIN; The Eastwood Company; Graco Inc; RED LINE INDUSTRIES LIMITED; and others.
Growing demand for coating equipment from various applications such as automotive, aerospace, construction, and industries are key factors driving the coating equipment market growth.
The coating equipment market, in terms of revenue, is expected to grow at a compound annual growth rate of 6.55% from 2023 to 2031 to reach USD 32 billion by 2031.

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